Author Topic: Treasury Principal Secretary, Chris Kiptoo Cheats Kenya has enough ForexReserves  (Read 1234 times)

Offline Nowayhaha

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https://www.kenyans.co.ke/news/86716-govt-clarifies-dollar-shortage-after-suluhus-remarks-broke-borrowing-neighbours

Online RV Pundit

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I opened this thread with great anticipation only to see nothing.

Are you okay Nowayah in your opposition bench?

Explain why you think Ps Chris Kiptoo is lying :)

If you're talking Suluhu - she is likely referring to Burundi.

Burundi have 1 or 2 weeks of forex - just like Ethiopia.

Burundi cant import nothing.

Offline gout

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Magufuli legacy or grain surplus plus gas?

Quote
Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one ~ Thomas Paine

Online RV Pundit

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Country twice size of kenya with more population; but underperforming; despite lots of mineral exports; peace; and name it.
I wont never use TZ as model;
they have 4.5-5 something billion of forex - kenya still has 6.5-6.7 something.
Uganda has 3.5.
Rwanda has 1.5.
Burundi is dead.
Magufuli legacy or grain surplus plus gas?

Offline gout

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In crises it comes to the very basic - food!
Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one ~ Thomas Paine

Offline Njuri Ncheke

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Kenya is bankrupt Uhuru caused this.
Uhuru is a criminal period.
Ruto needs trend carefully otherwise economy will collapse

Offline Nowayhaha

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Kiptoo is simply lying when he says kenya has enough reserves . The truth is Kenya is depending on loan money from IMF and World bank to boost its reserves .
The best way he would have put it is , Kenya is in a red zone as we await World bank and IMF to provide us with the Loans .


I opened this thread with great anticipation only to see nothing.

Are you okay Nowayah in your opposition bench?

Explain why you think Ps Chris Kiptoo is lying :)

If you're talking Suluhu - she is likely referring to Burundi.

Burundi have 1 or 2 weeks of forex - just like Ethiopia.

Burundi cant import nothing.

Online RV Pundit

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Job of Kenya Treasury is to spread confidence and positive sentiments.
It's not to inspire panic and spread negative sentiments.
Modern economy runs largely on sentiment - for example - romours of bank having issues - can inspire bank run - and before you know huge bank has collapsed.

Therefore reckless talk by drunkards like Moses Kuria or Samia (against whatever country) should be discouraged

You just have issues with Kiptoo because of his name :) or what exactly is the beef here.

Kiptoo is simply lying when he says kenya has enough reserves . The truth is Kenya is depending on loan money from IMF and World bank to boost its reserves .
The best way he would have put it is , Kenya is in a red zone as we await World bank and IMF to provide us with the Loans .